By; SAMSON YAKI, Lafia
Nigeria Sovereign Investment Authority (NSIA) is to invest 25 million dollars in agro allied investments in Panda, Karu LGA of Nasarawa State.
The Nigeria Sovereign Investment Authority is to acquire and develop 3,500 hectares of land, out of which 2,300 hectares would cover an arable area, in a region recognised for its superior soil types, access to reliable irrigation water and history of consistent productivity.
Key elements of infrastructure investments include purchase and installation of an irrigation system covering about 80 per cent of the land area, along with surface drip lines covering the remaining 20 per cent.
Other facilities include water distribution systems, water reservoirs, pumps, and the distribution systems over 2,300 hectares; grain storage and dryers, made up of 50 to 75,000 metric tons of maize and soya bean storage silos, plus dryers and ancillary equipment.
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues.
It plays a leading role in driving sustained economic development for the benefit of all Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure, providing stabilisation support to the economy.